Trade Preference Extension and Expansion Act of 2006

[AI summary unavailable — showing source text] Trade Preference Extension and Expansion Act of 2006 - Amends the Trade Act of 1974 to extend the Generalized System of Preferences (GSP) Program from December 31, 2006, through December 31, 2007. Amends the Andean Trade Preference Act to extend from December 31, 2006, through December 31, 2007 the duty-free treatment or other preferential treatment for beneficiary countries under the Act. Amends the African Growth and Opportunity Act to change from mandatory to discretionary the authority of the President to terminate the designation of an eligible beneficiary sub-Saharan African country for failing to continue compliance with such Act. Requires the President to notify Congress, and allows him to proceed with termination only if Congress fails to prohibit it. Authorizes the U.S. Trade Representative (USTR) to provide grants to U.S. nongovernmental organizations and private sector representatives to host the annual United States-Sub-Saharan African Trade and Economic Cooperation Forum. Amends the African Growth and Opportunity Act (AGOA) to revise the designation for preferential treatment of apparel articles wholly assembled in one or more beneficiary sub-Saharan African countries…